BSA Posted June 9, 2007 Share Posted June 9, 2007 QUOTE (Dream Run @ Saturday 09/06/07 08:46pm) http://www.sharescene.com/html/emoticons/biggrin.gif yes quite right(he's been on holidays http://www.sharescene.com/html/emoticons/wink.gif ) Link to comment Share on other sites More sharing options...
Jay Posted June 13, 2007 Share Posted June 13, 2007 Everyone here still holding or topping up?? I imagine a few stops got hit the last few days. 58c is bargain basement prices imo. Old highs should provide new support... Link to comment Share on other sites More sharing options...
nizar Posted June 14, 2007 Share Posted June 14, 2007 In reply to: Jay on Thursday 14/06/07 09:51am QUOTE I imagine a few stops got hit the last few days. Including mine. I sold it to get into CVN at .195. I just dont have time for stocks like this. I'll get back on later when its going in the right direction. Good to see at least my ESGs are doing well. That one is textbook. Link to comment Share on other sites More sharing options...
Jay Posted June 14, 2007 Share Posted June 14, 2007 In reply to: nizar on Thursday 14/06/07 10:20am i don't believe in stops, in things i like to hold long term. all the same good luck. i think we have seen the lows. Link to comment Share on other sites More sharing options...
nizar Posted June 14, 2007 Share Posted June 14, 2007 In reply to: Jay on Thursday 14/06/07 10:23am Longterm yeh if its going in the right direction. But im not gonna hold dogs all the way to the delisting! http://www.sharescene.com/html/emoticons/lmaosmiley.gif Good luck to you and your approach. Yeh probably you're right about the lows. Usually stocks hit my stops and then go the moon! http://www.sharescene.com/html/emoticons/lmaosmiley.gif Link to comment Share on other sites More sharing options...
Jay Posted June 14, 2007 Share Posted June 14, 2007 In reply to: nizar on Thursday 14/06/07 10:29am yeah thats happens all the time lol. hence i dont use them. of course i wouldnt hold till delisting. the fundamentals change and so does my mind and i sell out when the time is right. certainly not during a silly little correction that has no legs. the long term trend is up on THX, i wouldnt worry about a short term blip. traders dont make lots of money in the long run, they feed the medium - long termers. Link to comment Share on other sites More sharing options...
BSA Posted June 14, 2007 Share Posted June 14, 2007 In reply to: Jay on Thursday 14/06/07 11:34am QUOTE traders dont make lots of money in the long run, they feed the medium - long termers. I think by and large that would be correct, the majority of traders come to the market thinking its easy and find out the opposite, although I do know a few very talented lads that have absolutely killed the pig day/swing trading. My best returns have come from a buy and hold strategy, and at the same time getting in synch with my longer term holds, I have a trading parcel also to pick up grocery/beer money on the swings http://www.sharescene.com/html/emoticons/smile.gif Cheers Link to comment Share on other sites More sharing options...
nizar Posted June 14, 2007 Share Posted June 14, 2007 In reply to: Jay on Thursday 14/06/07 10:34am Actual longterm trend followers, with average trade time 1year+, which use stops, actual do clean up the markets. From what Iv read, more than any type of trader: Ever heard of: *Ed Seykota *John.W.Henry *Bill Dunn *Richard Dennis *Jerry Parker If you havent its probably a good idea to read: Trend Following - By Michael Covel. These guys trade purely off charts, mechanical/systems trading, all they care about is the price action. And i actually think the longterm trend with THX has been broken. The trendline from 30c-ish. VRE the trendline was never broken. And MPO - thats textbook and a half ! http://www.sharescene.com/html/emoticons/lmaosmiley.gif Link to comment Share on other sites More sharing options...
Jay Posted June 14, 2007 Share Posted June 14, 2007 In reply to: nizar on Thursday 14/06/07 10:52am yes i have read plenty on trends etc. been investing/trading full time profitably for nearly 9 years now and have learnt alot along the way. were you trading through 2001-2003 bear market and making money? i do what suits me and personally trendlines imo are a bunch of rubbish, despite what the books say. change the timeframe on a chart or even look at weekly charts and the trend lines will change. which one do you use? very ambiguous imo. i look at price action of previous ranges to "predict" future targets. of course new ranges can appear which can make me revise targets. THX long term chart is unaffected. VRE looking the goods too. you are still young and have lots to learn. any fool can make money in this market.... Link to comment Share on other sites More sharing options...
nizar Posted June 14, 2007 Share Posted June 14, 2007 In reply to: Jay on Thursday 14/06/07 11:02am QUOTE you are still young and have lots to learn. any fool can make money in this market.... Too true. Congrats on 9 years of profitable investing/trading full time. Im far from your level, apologies for any disrespect. Link to comment Share on other sites More sharing options...
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